👏 Moneyval reports Ukraine’s progress in improving its efforts in anti-money laundering and countering the financing of terrorism. Moneyval reviewed a range of legislative, regulatory and institutional measures implemented by Ukraine. The progress has been made in:
🎯 improving the criminal law provisions for the offense of terrorism financing;
🎯 enhancing sanctions for financial institutions and other entities for non-compliance with AML/CFT legislation.
Thus, Moneyval assigned Ukraine higher international compliance ratings in the above-mentioned areas; they have been re-rated from “partially compliant” to “largely compliant”.
📌 Moneyval is a permanent monitoring body of the Council of Europe entrusted with the task of assessing compliance with the principal international standards to counter money laundering and the financing of terrorism and the effectiveness of their implementation.
